Central Valley Advisors LLC Takes $320,000 Position in Honeywell International Inc. (NASDAQ:HON)

Central Valley Advisors LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,550 shares of the conglomerate’s stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HON. LGT Group Foundation acquired a new stake in shares of Honeywell International during the first quarter worth $26,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $27,000. Richardson Capital Management LLC bought a new position in Honeywell International during the 1st quarter worth approximately $35,000. Financial Connections Group Inc. acquired a new position in Honeywell International during the second quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in Honeywell International in the first quarter valued at approximately $39,000. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HON shares. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Wells Fargo & Company lowered their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research note on Thursday, September 26th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Stock Up 0.4 %

HON traded up $0.90 during trading hours on Friday, hitting $203.78. 1,643,484 shares of the company’s stock were exchanged, compared to its average volume of 2,802,626. The stock has a market cap of $132.70 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The stock’s 50-day moving average is $202.78 and its two-hundred day moving average is $203.85. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter last year, the company earned $2.23 EPS. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.22%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is presently 52.38%.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.